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Evren Commits $5bn to Boost India’s Renewable Energy Sector in Andhra Pradesh

Evren, a clean energy platform established through a joint venture between Brookfield and Axis Energy, has announced a significant investment commitment of $5 billion aimed at boosting renewable power development in Andhra Pradesh.

 

The substantial investment plan encompasses the development of 3.5 gigawatts (GW) of solar energy and 5.5 GW of wind energy assets within the state, to be executed in a phased manner. As part of this initiative, projects totaling 3 GW are slated for commissioning by the end of 2026, marking a substantial step towards enhancing sustainable energy infrastructure in the region.

 

The announcement followed a meeting between representatives of Brookfield and Axis Energy with Andhra Pradesh Chief Minister N. Chandrababu Naidu and Energy Minister Gottipati Ravi Kumar. During the meeting, the parties discussed the strategic roadmap for renewable energy expansion and associated opportunities within the state.

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